Russian trade in goods with Venezuela in Q1 2018
based on data from the Federal Customs Service of Russia
Russia’s Trade with Venezuela
In the 1st quarter of 2018, Russia’s trade with Venezuela totaled $21,845,237, up 60.29% ($8,216,324) from the 1st quarter of 2017.
Russia’s exports to Venezuela in the 1st quarter of 2018 totaled $21,551,563, up 59.29% ($8,021,621) from the 1st quarter of 2017.
Russia’s imports from Venezuela in the 1st quarter of 2018 totaled $293,674, up 196.73% ($194,703) from the 1st quarter of 2017.
Russia’s trade surplus with Venezuela in the 1st quarter of 2018 was $21,257,889, a 58.28% increase ($7,826,918) over the 1st quarter of 2017.
Venezuela was Russia’s 118th largest trading partner in the 1st quarter of 2018 (up from 121st in the 1st quarter of 2017), accounting for 0.0139% of Russia’s total trade (up from 0.0106% in the 1st quarter of 2017).
Venezuela was Russia’s 103rd largest export market in the 1st quarter of 2018 (up from 107th in the 1st quarter of 2017), accounting for 0.0209% of Russia’s total exports (up from 0.0162% in the 1st quarter of 2017).
Venezuela was Russia’s 143rd largest supplier in the 1st quarter of 2018 (up from 147th in the 1st quarter of 2017), accounting for 0.0005% of Russia’s total imports (up from 0.0002% in the 1st quarter of 2017).
Russia’s Exports to Venezuela
The major share of Russian exports to Venezuela in the 1st quarter of 2018 (and in the 1st quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 70.06% of Russia’s total exports to Venezuela (0.23% in the 1st quarter of 2017);
- Chemical products (HS codes 28-40) - 15.05% of Russia’s total exports to Venezuela (29.65% in the 1st quarter of 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 13.33% of Russia’s total exports to Venezuela (62.83% in the 1st quarter of 2017);
- Mineral products (HS codes 25-27) - 1.15% of Russia’s total exports to Venezuela (1.62% in the 1st quarter of 2017).
The largest gains in Russia’s exports to Venezuela in the 1st quarter of 2018 over the 1st quarter of 2017 were recorded for the following product groups:
- Cereals (HS code 10) - an increase of $15,073,842;
- Plastics and articles thereof (HS code 39) - an increase of $86,222.
The largest declines in Russia’s exports to Venezuela in the 1st quarter of 2018 over the 1st quarter of 2017 were recorded for the following product groups:
- Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $3,805,018;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $1,313,875;
- Fertilizers (HS code 31) - a decrease of $876,320;
- Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $749,268;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $537,780.
| HS code |
Name of product group | Value of exports in Q1 2018, US dollars ($) |
Percent share in total export | Value of exports in Q1 2017, US dollars ($) |
Percent change in Q1 2018 over Q1 2017 |
|---|---|---|---|---|---|
| 10 | Cereals | 15,073,842 | 69.94 | 0 | ∞ |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 0 | 0.00 | 24,837 | -100.00 |
| 19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 6,711 | 0.03 | 6,800 | -1.31 |
| 22 | Beverages, spirits and vinegar | 17,737 | 0.08 | 0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 247,643 | 1.15 | 219,681 | 12.73 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 0 | 0.00 | 17 | -100.00 |
| 29 | Organic chemicals | 19,547 | 0.09 | 0 | ∞ |
| 31 | Fertilizers | 3,131,420 | 14.53 | 4,007,740 | -21.87 |
| 35 | Albuminoidal substances; modified starches; glues; enzymes | 0 | 0.00 | 190 | -100.00 |
| 38 | Miscellaneous chemical products | 5,043 | 0.02 | 1,159 | 335.12 |
| 39 | Plastics and articles thereof | 86,623 | 0.40 | 401 | 21,501.75 |
| 40 | Rubber and articles thereof | 686 | 0.00 | 1,660 | -58.67 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 1,040 | 0.00 | 0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 12,119 | -100.00 |
| 73 | Articles of iron or steel | 40,274 | 0.19 | 4,385 | 818.45 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 16,647 | 0.08 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 2,776,839 | 12.88 | 4,090,714 | -32.12 |
| 85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 9,187 | 0.04 | 3,814,205 | -99.76 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 29,830 | 0.14 | 0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 57,954 | 0.27 | 595,734 | -90.27 |
| 94 | Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings | 1,032 | 0.00 | 750,300 | -99.86 |
| 96 | Miscellaneous manufactured articles | 68 | 0.00 | 0 | ∞ |
| SS | Classified | 29,440 | 0.14 | 0 | ∞ |
Russia’s Imports from Venezuela
The major share of Russian imports from Venezuela in the 1st quarter of 2018 (and in the 1st quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 99.59% of Russia’s total imports from Venezuela (86.46% in the 1st quarter of 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 0.06% of Russia’s total imports from Venezuela (13.37% in the 1st quarter of 2017).
The largest gains in Russia’s imports from Venezuela in the 1st quarter of 2018 over the 1st quarter of 2017 were recorded for the following product groups:
- Beverages, spirits and vinegar (HS code 22) - an increase of $194,168;
- Cocoa and cocoa preparations (HS code 18) - an increase of $12,732.
The largest declines in Russia’s imports from Venezuela in the 1st quarter of 2018 over the 1st quarter of 2017 were recorded for the following product groups:
- Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds (HS code 86) - a decrease of $10,902;
- Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $1,734.
| HS code |
Name of product group | Value of imports in Q1 2018, US dollars ($) |
Percent share in total import | Value of imports in Q1 2017, US dollars ($) |
Percent change in Q1 2018 over Q1 2017 |
|---|---|---|---|---|---|
| 18 | Cocoa and cocoa preparations | 23,946 | 8.15 | 11,214 | 113.54 |
| 22 | Beverages, spirits and vinegar | 268,520 | 91.43 | 74,352 | 261.15 |
| 29 | Organic chemicals | 98 | 0.03 | 85 | 15.29 |
| 40 | Rubber and articles thereof | 432 | 0.15 | 0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 92 | -100.00 |
| 73 | Articles of iron or steel | 401 | 0.14 | 0 | ∞ |
| 74 | Copper and articles thereof | 105 | 0.04 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 81 | 0.03 | 80 | 1.25 |
| 85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 0 | 0.00 | 1,734 | -100.00 |
| 86 | Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds | 0 | 0.00 | 10,902 | -100.00 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 91 | 0.03 | 512 | -82.23 |